PM names new president of Egypt's investment regulator GAFI

Ahram Online , Thursday 15 Dec 2022

Prime Minister Mostafa Madbouly appointed on Thursday investment banker Hossam Ahmed Heiba as executive president of the General Authority of Free Zones and Investment (GAFI).

The General Authority of Free Zones and Investment (GAFI). File photo


Heiba succeeds Mohamed Abdel-Wahab who has served in the post since July 2019 and whose term expires in August 2023.

In a statement, PM Madbouly thanked Abdel-Wahab for his efforts that helped lure both local and foreign investments at this critical stage.

Heiba has served as the managing director of Vitas Egypt for microfinance and was also deputy board chairman and managing director of Post for Investments (PFI).

GAFI, which belongs to the Ministry of Investment, is the country's principal government body in charge of regulating and facilitating investments.

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